Cloud-based global equity administration, financial reporting and compliance service Solium Capital Inc. will acquire cloud accounting and compliance application provider OptionEase Inc.
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The transaction is expected to close in November 2012 and subject to customary closing conditions.
The deal will help combine OptionEase’s software-as-a-service equity management for the governance, risk and compliance marketplace with Solium’s Shareworks platform, which combines automated recordkeeping, trade execution and reporting of all equity-based compensation plans on a single, integrated platform.
“We are pleased to join forces with Solium Capital to provide our clients with a full spectrum of world-leading equity management solutions, for everything from early-stage capitalization table management to global stock plan administration,” said OptionEase chief executive Kim Kovacs. “The synchronicity between our technologies and intellectual capital will allow Solium to meet the equity administration, valuation and compliance needs of any private or public company in North America or abroad.”